Report: Michigan’s Unemployment Agency Paid Up to $8.5B in Fraudulent Claims During Pandemic
Michigan’s Unemployment Insurance Agency shelled out up to $8.5 billion in fraudulent unemployment claims during the pandemic, per a report.
Michigan’s Unemployment Insurance Agency shelled out up to $8.5 billion in fraudulent unemployment claims during the pandemic, per a report.
Street gangs in the U.S. and foreign criminal syndicates may have stolen up to half of the unemployment benefits paid out during the pandemic, according to a report cited by Axios.
An independent audit of the unemployment benefits system found the administration of Michigan Gov. Gretchen Whitmer (D) paid up to $1.5 billion in “fraudulent” claims.
This is a unique situation in which a very difficult political problem actually has a tech fix that can be directed by the White House alone.
Some business owners are having difficulty “reopening” because their employees would rather collect funds through the Cares Act PPP.
The labor market remains very tight despite sluggish growth around the world.
Layoffs remain ultralow, defying predictions that the trade war with China would weigh on the U.S. labor market.